← Morgan Stanley Capital I Trust 2019-H7 · Loan annex · CMBS market
- Deal
- Morgan Stanley Capital I Trust 2019-H7
- Current balance
- $11.7M (September 2026)
- Share of deal
- 1.8%
- Status
- 90+ days delinquent
- DSCR (latest)
- not yet reported
- Occupancy (latest)
- not yet reported
- Scheduled maturity
- 2029-07-06
Property and terms
| Property | 1458 Ocean Drive & 1437 Collins Avenue |
| Address | 1458 Ocean Drive 1437 Collins Ave; Miami Beach, FL 33139 |
| Property type | Retail |
| Units, beds or keys | 3 |
| Net rentable square feet | 12,518 |
| Year built | 2006 |
| Year last renovated | not yet reported |
| Original balance | $12.2M |
| Current balance | $11.7M (September 2026) |
| Share of deal balance | 1.8% |
| Interest rate at origination | 5.65% |
| Current interest rate | 5.65% |
| Origination date | 06-24-2019 |
| Original term | 120 months |
| Amortization term | not yet reported |
| Interest-only period | 120 months |
| Scheduled maturity | 2029-07-06 |
| Prepayment lockout end | 04-05-2029 |
| Yield maintenance end | not yet reported |
| Servicer | Midland |
| Loan servicer | not yet reported |
| Originator | Argentic Real Estate Finance LLC |
| Current status | 90+ days delinquent |
| Specially serviced now | Yes |
| Defeased | No |
Valuation
| Basis | Amount | Date | Source (as filed) |
|---|---|---|---|
| At securitization | $19.0M | 12-22-2018 | MAI |
| Most recent reported | $10.5M | 2020-08-04 | MAI |
Change from securitization to the most recent reported valuation: -44.7%.
Largest tenants
| Tenant | Square feet | Lease expiration |
|---|---|---|
| Front Porch Caf?? | 9,326 | 11-30-2030 |
| Sauvage of Miami | 1,915 | 09-30-2029 |
| Vibe of Miami | 1,277 | 09-30-2029 |
The three largest tenants as reported in the latest asset-level record.
Monthly history
| Month | Balance | Status | Rate | DSCR (NCF) | DSCR (NOI) | Occupancy | Advances | Financial period end | Revenue | Expenses | NOI | NCF |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| July 2019 | $12.2M | Matured balloon, performing | 5.65% | 1.41 | 1.41 | 100% | $0 | 12-31-2018 | $1.2M | $261,649 | $982,859 | $982,859 |
| August 2019 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2019 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2019 | $12.2M | Matured balloon, non-performing | 5.65% | not yet reported | not yet reported | not yet reported | $57,391 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2019 | $12.2M | Matured balloon, performing | 5.65% | not yet reported | not yet reported | not yet reported | $59,304 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2019 | $12.2M | Matured balloon, non-performing | 5.65% | not yet reported | not yet reported | not yet reported | $57,391 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2020 | $12.2M | Matured balloon, non-performing | 5.65% | not yet reported | not yet reported | not yet reported | $59,304 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2020 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2020 | $12.2M | Matured balloon, non-performing | 5.65% | 1.42 | 1.47 | 100% | $55,478 | 09-30-2019 | $1.6M | $524,730 | $1.0M | $995,181 |
| April 2020 | $12.2M | 30-59 days delinquent | 5.65% | 1.42 | 1.47 | 100% | $114,782 | 09-30-2019 | $1.6M | $524,730 | $1.0M | $995,181 |
| May 2020 | $12.2M | 60-89 days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $172,172 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2020 | $12.2M | 60-89 days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $175,999 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2020 | $12.2M | 60-89 days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $174,086 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2020 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2020 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2020 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2020 | $12.2M | Matured balloon, non-performing | 5.65% | not yet reported | not yet reported | not yet reported | $59,304 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2020 | $12.2M | Matured balloon, non-performing | 5.65% | not yet reported | not yet reported | not yet reported | $57,391 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2021 | $12.2M | 60-89 days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $175,999 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2021 | $12.2M | Matured balloon, performing | 5.65% | not yet reported | not yet reported | not yet reported | $175,999 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2021 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2021 | $12.2M | Current | 5.65% | 0.80 | 0.84 | 100% | $0 | 12-31-2020 | $878,052 | $287,811 | $590,240 | $557,067 |
| May 2021 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2021 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2021 | $12.2M | Current | 5.65% | 1.12 | 1.16 | not yet reported | $0 | 03-31-2021 | $263,722 | $60,391 | $203,331 | $195,038 |
| August 2021 | $12.2M | Current | 5.65% | 1.12 | 1.16 | not yet reported | $0 | 03-31-2021 | $263,722 | $60,391 | $203,331 | $195,038 |
| September 2021 | $12.2M | Current | 5.65% | 1.12 | 1.16 | not yet reported | $0 | 03-31-2021 | $263,722 | $60,391 | $203,331 | $195,038 |
| October 2021 | $12.2M | Matured balloon, non-performing | 5.65% | 1.12 | 1.16 | not yet reported | $57,391 | 03-31-2021 | $263,722 | $60,391 | $203,331 | $195,038 |
| November 2021 | $12.2M | Matured balloon, non-performing | 5.65% | 1.14 | 1.19 | 100% | $59,304 | 06-30-2021 | $1.0M | $190,426 | $829,618 | $796,445 |
| December 2021 | $12.2M | Matured balloon, non-performing | 5.65% | 1.14 | 1.19 | 100% | $57,391 | 06-30-2021 | $1.0M | $190,426 | $829,618 | $796,445 |
| January 2022 | $12.2M | Matured balloon, performing | 5.65% | 1.14 | 1.19 | 100% | $59,304 | 06-30-2021 | $1.0M | $190,426 | $829,618 | $796,445 |
| February 2022 | $12.2M | Current | 5.65% | 1.14 | 1.19 | 100% | $0 | 06-30-2021 | $1.0M | $190,426 | $829,618 | $796,445 |
| March 2022 | $12.2M | Current | 5.65% | 1.14 | 1.19 | 100% | $0 | 06-30-2021 | $1.0M | $190,426 | $829,618 | $796,445 |
| April 2022 | $12.2M | Matured balloon, performing | 5.65% | 1.14 | 1.19 | 100% | $59,304 | 06-30-2021 | $1.0M | $190,426 | $829,618 | $796,445 |
| May 2022 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2022 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2022 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2022 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2022 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2022 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2022 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2022 | $10.2M | Current | 5.09% | 1.56 | 1.74 | 73% | $0 | 09-30-2022 | $3.5M | $2.1M | $1.4M | $1.2M |
| January 2023 | $12.2M | Current | 5.65% | 1.21 | 1.25 | 100% | $0 | 09-30-2022 | $1.1M | $268,288 | $876,224 | $843,051 |
| February 2023 | $12.2M | Current | 5.65% | 1.21 | 1.25 | 100% | $0 | 09-30-2022 | $1.1M | $268,288 | $876,224 | $843,051 |
| March 2023 | $12.2M | Current | 5.65% | 1.21 | 1.25 | 100% | $0 | 09-30-2022 | $1.1M | $268,288 | $876,224 | $843,051 |
| April 2023 | $12.2M | Current | 5.65% | 1.21 | 1.25 | 100% | $0 | 09-30-2022 | $1.1M | $268,288 | $876,224 | $843,051 |
| May 2023 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2023 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2023 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2023 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2023 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2023 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2023 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2023 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2024 | $12.2M | Current | 5.65% | 1.30 | 1.35 | 100% | $0 | 09-30-2023 | $1.2M | $242,937 | $941,028 | $907,855 |
| February 2024 | $12.2M | Current | 5.65% | 1.30 | 1.35 | 100% | $0 | 09-30-2023 | $1.2M | $242,937 | $941,028 | $907,855 |
| March 2024 | $12.2M | Current | 5.65% | 1.30 | 1.35 | 100% | $0 | 09-30-2023 | $1.2M | $242,937 | $941,028 | $907,855 |
| April 2024 | $12.2M | Current | 5.65% | 1.30 | 1.35 | 100% | $0 | 09-30-2023 | $1.2M | $242,937 | $941,028 | $907,855 |
| May 2024 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2024 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2024 | $12.2M | Matured balloon, performing | 5.65% | not yet reported | not yet reported | not yet reported | $57,391 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2024 | $12.2M | Current | 5.65% | not yet reported | not yet reported | not yet reported | $0 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2024 | $12.2M | Matured balloon, performing | 5.65% | not yet reported | not yet reported | not yet reported | $59,304 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2024 | $12.2M | Matured balloon, non-performing | 5.65% | not yet reported | not yet reported | not yet reported | $116,695 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2024 | $12.2M | 30-59 days delinquent | 5.65% | 1.32 | 1.37 | 100% | $116,695 | 06-30-2024 | $1.2M | $284,197 | $954,177 | $921,004 |
| December 2024 | $12.2M | Matured balloon, non-performing | 5.65% | 1.32 | 1.37 | 100% | $116,695 | 06-30-2024 | $1.2M | $284,197 | $954,177 | $921,004 |
| January 2025 | $12.2M | 30-59 days delinquent | 5.65% | 1.32 | 1.37 | 100% | $116,695 | 06-30-2024 | $1.2M | $284,197 | $954,177 | $921,004 |
| February 2025 | $12.2M | 60-89 days delinquent | 5.65% | 1.32 | 1.37 | 100% | $175,999 | 06-30-2024 | $1.2M | $284,197 | $954,177 | $921,004 |
| March 2025 | $12.2M | 90+ days delinquent | 5.65% | 1.32 | 1.37 | 100% | $229,563 | 06-30-2024 | $1.2M | $284,197 | $954,177 | $921,004 |
| April 2025 | $12.2M | 90+ days delinquent | 5.65% | 1.32 | 1.37 | 100% | $288,867 | 06-30-2024 | $1.2M | $284,197 | $954,177 | $921,004 |
| May 2025 | $12.2M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $346,258 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2025 | $12.2M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $405,562 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2025 | $12.2M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $462,953 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2025 | $12.2M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $507,431 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2025 | $11.7M | Matured balloon, performing | 5.65% | not yet reported | not yet reported | not yet reported | $43,646 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| October 2025 | $11.7M | 30-59 days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $84,473 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| November 2025 | $11.7M | 60-89 days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $126,661 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| December 2025 | $11.7M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $167,488 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| January 2026 | $11.7M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $209,676 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| February 2026 | $11.7M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $251,864 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| March 2026 | $11.7M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $289,969 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| April 2026 | $11.7M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $332,157 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| May 2026 | $11.7M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $372,984 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| June 2026 | $11.7M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $415,171 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| July 2026 | $11.7M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $455,998 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| August 2026 | $11.7M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $498,186 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
| September 2026 | $11.7M | 90+ days delinquent | 5.65% | not yet reported | not yet reported | not yet reported | $540,374 | not yet reported | not yet reported | not yet reported | not yet reported | not yet reported |
Revenue, expenses, net operating income (NOI) and net cash flow (NCF) are the most recent financials reported as of each month, for the financial period ending on the date shown. DSCR is debt service coverage on the net cash flow and net operating income bases as reported.
Status timeline
| Date | Event |
|---|---|
| April 2020 | First reported 30 or more days delinquent |
| 2020-05-14 | Transferred to the special servicer |
| 2020-10-06 | Loan modified (rate after modification 0.00%; maturity after modification 2029-04-06) |
| 2020-11-30 | Loan modified (rate after modification 0.00%; maturity after modification 2029-07-11; payment after modification $0) |
| 2021-02-16 | Returned to the master servicer |
| 2025-01-29 | Transferred to the special servicer |
Sources: SEC Form ABS-EE asset-level reports for the deal. Definitions are in the methods note on the market page.